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1997 SESSION

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SB 784 Sales tax exemption; Naval Submarine League.

Introduced by: Richard L. Saslaw | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax exemption; nonprofit community and service organizations. Grants a sales and use tax exemption for purchases by a nonprofit, nonstock corporation exempt from federal income taxation pursuant to § 501 (c) (3) of the Internal Revenue Code which is organized for the purposes of promoting the continued use and construction of submarines, increasing public awareness of the need for a strong submarine arm of the United States Navy, and promoting a close relationship between American society and those government agencies and officials responsible for the acquisition and employment of submarines for the common defense and national security. The Naval Submarine League would be a beneficiary of the exemption.


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